Tag: palm oil

Shun Malaysia, India’s palm oil buyers told amid occupied Kashmir standoff

India was Malaysia's third-largest export destination in 2018 for palm oil and palm-based products worth 6.84 billion ringgit. Vegetable oil contributed 2.8% of Malaysia's...

Indonesia’s palm oil, biodiesel exports skid in Aug

Palm oil and palm kernel oil in August were 2.53 million tonnes, down 15pc annually but up slightly from July's 2.51 million tonnes. Indonesia...

Malaysian PM says no official word from India on potential import restrictions

India was mulling restricting imports of Malaysian palm oil and other products. "That is only reported, but we have not received anything official" KUALA LUMPUR:...

Palm oil snaps 5-day rally on news of possible Indian curbs

Palm oil was earlier also weighed down by a stronger ringgit, its currency of trade. The ringgit was stronger against the dollar by 0.1pc...

Palm oil futures hit 2-week high as ringgit weakens

Palm oil may test a resistance at 2,205 ringgit per tonne. The ringgit, palm's currency of trade, eased to a three-week low against the...

Palm gains ahead of monthly data, budget

Palm oil is due for a sharp move, as its consolidation within a wedge is ending. Palm oil is impacted by price movements in...

Palm falls as traders await fresh leads

Malaysian palm oil futures took a turn to close lower on Thursday, logging another session of declines. The benchmark palm oil contract for the...

Palm falls over 1pc on weaker overnight U.S. soyoil

Malaysian palm oil futures fell more than 1pc at the close of trade on Wednesday, as overnight losses in U.S. soyoil. U.S. soybean futures...

Asian palm oil giants take action over green group’s rainforest probe

Palm oil is the world's most widely used edible oil, found in everything from margarine to soap, but has faced scrutiny in recent years...

Palm closes at near 8-week low on weaker related oils

palm oil futures dropped 0.7pc on Monday to post its lowest closing in nearly eight weeks, dragged down by weaker soyoil prices in China. ...